Announcement • Jun 30
Suzhou SONAVOX Electronics Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • Jun 01
Dividend reduced to CN¥0.35 Dividend of CN¥0.35 is 22% lower than last year. Ex-date: 8th June 2026 Payment date: 8th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 39% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 08
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to CN¥27.60. The fair value is estimated to be CN¥22.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 104% in the next 2 years. Price Target Changed • May 03
Price target decreased by 9.1% to CN¥37.84 Down from CN¥41.60, the current price target is an average from 2 analysts. New target price is 42% above last closing price of CN¥26.56. Stock is down 1.3% over the past year. The company is forecast to post earnings per share of CN¥1.51 for next year compared to CN¥1.12 last year. Announcement • Apr 29
Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 19, 2026 Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 19, 2026, at 13:30 China Standard Time. Location: 3F, No. 333, Zhongchuang Road, Yuanhe Science and Technology Park, Xiangcheng District, Suzhou, Jiangsu China Reported Earnings • Apr 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.12 (down from CN¥1.47 in FY 2024). Revenue: CN¥3.02b (up 8.9% from FY 2024). Net income: CN¥182.6m (down 22% from FY 2024). Profit margin: 6.0% (down from 8.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥26.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Consumer Durables industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.67 per share. Announcement • Dec 26
Suzhou SONAVOX Electronics Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Buy Or Sell Opportunity • Dec 03
Now 21% overvalued Over the last 90 days, the stock has fallen 2.7% to CN¥27.56. The fair value is estimated to be CN¥22.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 113% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.49 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.31 (down from CN¥0.49 in 3Q 2024). Revenue: CN¥768.5m (up 1.7% from 3Q 2024). Net income: CN¥50.1m (down 36% from 3Q 2024). Profit margin: 6.5% (down from 10% in 3Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Buy Or Sell Opportunity • Jul 28
Now 21% overvalued Over the last 90 days, the stock has fallen 7.8% to CN¥27.37. The fair value is estimated to be CN¥22.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 45%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 80% in the next 2 years. New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Jun 30
Suzhou SONAVOX Electronics Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Buy Or Sell Opportunity • Jun 25
Now 21% overvalued Over the last 90 days, the stock has fallen 19% to CN¥26.03. The fair value is estimated to be CN¥21.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 45%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Yin Shi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jun 02
Dividend increased to CN¥0.45 Dividend of CN¥0.45 is 45% higher than last year. Ex-date: 9th June 2025 Payment date: 9th June 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 55% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 108% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 30
Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 20, 2025 Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 20, 2025, at 13:30 China Standard Time. Location: 3F, No. 333, Zhongchuang Road, Yuanhe Science and Technology Park, Xiangcheng District, Suzhou, Jiangsu China New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥25.24, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Consumer Durables industry in China. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.79 per share. Announcement • Mar 28
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.47 (up from CN¥0.99 in FY 2023). Revenue: CN¥2.77b (up 19% from FY 2023). Net income: CN¥236.2m (up 49% from FY 2023). Profit margin: 8.5% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Dec 27
Suzhou SONAVOX Electronics Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to CN¥40.35, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.20 per share. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.49 (vs CN¥0.22 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.49 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥755.8m (up 20% from 3Q 2023). Net income: CN¥78.1m (up 117% from 3Q 2023). Profit margin: 10% (up from 5.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥28.96, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 78% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.79 per share. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Announcement • Sep 30
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥25.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.43 per share. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.26 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.33 (up from CN¥0.26 in 2Q 2023). Revenue: CN¥640.6m (up 25% from 2Q 2023). Net income: CN¥53.1m (up 28% from 2Q 2023). Profit margin: 8.3% (up from 8.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Executive Manager & Director Xiaofeng Ding was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jun 28
Suzhou SONAVOX Electronics Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.19 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.19 in 1Q 2023). Revenue: CN¥597.8m (up 32% from 1Q 2023). Net income: CN¥58.5m (up 95% from 1Q 2023). Profit margin: 9.8% (up from 6.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Announcement • May 01
Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 20, 2024 Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 20, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥22.25, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Durables industry in China. Total loss to shareholders of 14% over the past three years. Announcement • Mar 29
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 28
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: CN¥1.00 (up from CN¥0.54 in FY 2022). Revenue: CN¥2.32b (up 31% from FY 2022). Net income: CN¥160.1m (up 84% from FY 2022). Profit margin: 6.9% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥27.25, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Consumer Durables industry in China. Total loss to shareholders of 56% over the past year. New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (34% accrual ratio). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.15 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥629.4m (up 20% from 3Q 2022). Net income: CN¥36.0m (up 42% from 3Q 2022). Profit margin: 5.7% (up from 4.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. New Risk • Oct 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (41% accrual ratio). Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥46.35, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Consumer Durables industry in China. Total loss to shareholders of 15% over the past year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥511.1m (up 45% from 2Q 2022). Net income: CN¥41.3m (up 73% from 2Q 2022). Profit margin: 8.1% (up from 6.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Announcement • Jun 28
Suzhou Sonavox Electronics Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Suzhou Sonavox Electronics Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥51.65, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 15x in the Consumer Durables industry in China. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥75.16 per share. Price Target Changed • May 08
Price target decreased by 14% to CN¥57.21 Down from CN¥66.55, the current price target is an average from 2 analysts. New target price is 40% above last closing price of CN¥40.93. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of CN¥1.02 for next year compared to CN¥0.54 last year. Reported Earnings • Apr 28
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.54 (up from CN¥0.41 in FY 2021). Revenue: CN¥1.77b (up 36% from FY 2021). Net income: CN¥85.9m (up 42% from FY 2021). Profit margin: 4.9% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Buying Opportunity • Mar 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.8%. The fair value is estimated to be CN¥60.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 105% in 2 years. Earnings is forecast to grow by 281% in the next 2 years. Buying Opportunity • Dec 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be CN¥70.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 98% in 2 years. Earnings is forecast to grow by 298% in the next 2 years. Buying Opportunity • Dec 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥70.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 98% in 2 years. Earnings is forecast to grow by 297% in the next 2 years. Price Target Changed • Nov 16
Price target increased to CN¥66.55 Up from CN¥59.00, the current price target is an average from 2 analysts. New target price is 14% above last closing price of CN¥58.50. Stock is up 46% over the past year. The company is forecast to post earnings per share of CN¥0.69 for next year compared to CN¥0.41 last year. Buying Opportunity • Nov 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥79.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 98% in 2 years. Earnings is forecast to grow by 297% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.084 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.084 in 3Q 2021). Revenue: CN¥479.8m (up 53% from 3Q 2021). Net income: CN¥22.2m (up 62% from 3Q 2021). Profit margin: 4.6% (up from 4.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.061 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.061 in 2Q 2021). Revenue: CN¥353.0m (up 22% from 2Q 2021). Net income: CN¥23.9m (up 167% from 2Q 2021). Profit margin: 6.8% (up from 3.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 59%, compared to a 14% growth forecast for the Consumer Durables industry in China. Reported Earnings • Apr 29
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.41 (down from CN¥0.63 in FY 2020). Revenue: CN¥1.30b (up 20% from FY 2020). Net income: CN¥60.7m (down 20% from FY 2020). Profit margin: 4.7% (down from 6.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 44%, compared to a 14% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥39.30, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 15x in the Consumer Durables industry in China. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥21.25, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 26x in the Consumer Durables industry in China. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥23.50, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 26x in the Consumer Durables industry in China.